SpaceX's Starlink satellite internet business soars, generating $15.5 billion in revenue this year, rivaling NASA's funding through public and private contracts worth $38 billion, while legally minimizing taxes.
Amazon unveils new Echo devices, Kindles, potentially a color Kindle Scribe, and other hardware innovations at its highly anticipated fall showcase in New York City, marking the first major launch under the leadership of Panos Panay, the company's Devices & Services head.
Defying antitrust penalties, Alphabet soars into the $3 trillion market cap club, joining tech giants Nvidia, Microsoft and Apple, with shares surging over 4% on a favorable ruling against lighter proposed US government penalties, marking a milestone around 20 years after Google's IPO and 10 years after Alphabet's creation.
Anthropic, a leading AI company, experiences a 30-minute service outage, disrupting its AI infrastructure including Claude.ai, API, and coding tools, forcing developers to temporarily 'code like cavemen' without AI assistance, highlighting the tech industry's reliance on AI.
C3.ai CEO Thomas M. Siebel steps down amid legal scrutiny and disappointing financial results, with the company missing revenue targets, withdrawing guidance, and its stock plunging 29% over the past year as it faces competitive pressures and allegations of misleading investors.
Elon Musk's AI company xAI lays off around 500 data annotators as it pivots towards employing specialized AI tutors, conducting assessments to identify workers' strengths for future roles.
Nvidia retreats from the cloud battle, while OpenAI secures a massive $50 billion windfall by renegotiating revenue sharing terms with Microsoft and partners, signaling a major shift in the AI landscape.
OpenAI restructures as a for-profit company, securing billion-dollar partnerships with Microsoft, granting its non-profit parent an equity stake exceeding $100 billion, and inking a $300 billion cloud deal with Oracle to build new data centers.
In the fierce AI talent war, Chinese tech giant Tencent poaches top AI researcher Yao Shunyu, an expert in AI agents and language models, from OpenAI, luring him with a lucrative compensation package.
Google Cloud capitalizes on the AI surge, amassing a staggering $106 billion backlog as customers flock to its AI services, fueling billions in revenue through consumption-based pricing and subscriptions, with over 50% expected to materialize within two years.